Australia's central bank on Tuesday cut its main cash rate by 25 basis points to a two-year low of 3.85% citing a darker global outlook and cooling inflation at home, though it also remained cautious on further easing.

The Reserve Bank of Australia lowered its benchmark cash rate by 0.25 percentage point to 3.85%. Government-bond yields dropped and the Australian dollar weakened. “While recent announcements on tariffs have resulted in a rebound in financial market prices,

SYDNEY: Australia’s central bank cut its key interest rate to its lowest in two years today, but warned US tariffs continued to shroud the national economy in uncertainty. The Reserve Bank of Australia cut the cash rate by 25 basis points to 3.